Kronos Worldwide (NYSE:KRO) Releases Quarterly Earnings Results, Misses Expectations By $0.31 EPS

Kronos Worldwide (NYSE:KRO - Get Free Report) issued its quarterly earnings data on Thursday. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31), Zacks reports. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $423.10 million for the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Stock Down 4.5 %

Shares of KRO stock traded down $0.35 on Monday, reaching $7.51. 115,983 shares of the company's stock traded hands, compared to its average volume of 156,055. The business's 50 day moving average price is $9.26 and its two-hundred day moving average price is $10.59. Kronos Worldwide has a 12-month low of $7.33 and a 12-month high of $14.50. The company has a market capitalization of $863.92 million, a P/E ratio of 9.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.66%. Kronos Worldwide's dividend payout ratio is currently 27.03%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Kronos Worldwide from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.00.

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Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.